6. Three things that will give you ULCER
THE PRODUCT
WILL SUCK
(one way or
another)
@emigal | www.emigal.com
7. Three things that will give you ULCER
THE PRODUCT RAISING MONEY
WILL SUCK WILL HURT
(one way or (like, quite
another) literally)
@emigal | www.emigal.com
8. Three things that will give you ULCER
THE PRODUCT RAISING MONEY YOUR ESTIMATES
WILL SUCK WILL HURT WILL BE WRONG
(one way or (like, quite (all of them,
another) literally) without doubt)
@emigal | www.emigal.com
9. Why I’m here today
Over the past six years,
I’ve founded, invested or been involved with:
For the past two years, I’ve been living in London
(and I’ve learnt a lot from that).
@emigal | www.emigal.com
10. So, let’s talk about the product
@emigal | www.emigal.com
11. So, let’s talk about the product
The Product is
Awesome
(but nobody
uses it)
@emigal | www.emigal.com
17. So, let’s talk about the product
The Product is Everyone wants
Awesome the product
(but nobody (but the product
uses it) sucks)
@emigal | www.emigal.com
19. So, let’s talk about the product
The Product is Everyone wants
Awesome the product
(but nobody (but the product
uses it) sucks)
@emigal | www.emigal.com
20. So, let’s talk about the product
The Product is Everyone wants
Awesome the product
(but nobody (but the product
Improve
uses it) sucks)
it as fast
as you
can.
@emigal | www.emigal.com
21. So, let’s talk about the product
The Product is Everyone wants Your product sucks
Awesome the product and nobody uses it
(but nobody (but the product (well, not much more
uses it) sucks) to say here)
@emigal | www.emigal.com
24. Fundraising will be painful
INVESTORS
HAVE NO CLUE
(about pretty much
anything)
@emigal | www.emigal.com
25. Fundraising will be painful
INVESTORS IT’S ALL ABOUT
HAVE NO CLUE THE MONEY
(about pretty much (although they claim
anything) it ain’t)
@emigal | www.emigal.com
26. Fundraising will be painful
INVESTORS IT’S ALL ABOUT IT WILL TAKE LONGER
HAVE NO CLUE THE MONEY THAN YOU EXPECT
(about pretty much (although they claim (as in, WAY longer)
anything) it ain’t)
@emigal | www.emigal.com
27. Investors have no clue
(ok, maybe 2% of them do)
@emigal | www.emigal.com
28. Investors have no clue
(ok, maybe 2% of them do)
I’VE MET ABOUT
100 INVESTORS
(Just a handful get
what we do at
Brainient)
@emigal | www.emigal.com
29. Investors have no clue
(ok, maybe 2% of them do)
I’VE MET ABOUT THEY SPREAD
100 INVESTORS THEMSELVES TOO
(Just a handful get THIN
what we do at (I am yet to see an
Brainient) investor that only
meets startups they
understand)
@emigal | www.emigal.com
30. Investors have no clue
(ok, maybe 2% of them do)
I’VE MET ABOUT THEY SPREAD ENTREPRENEURS
100 INVESTORS THEMSELVES TOO ARE USUALLY
(Just a handful get THIN MUCH SMARTER
what we do at (I am yet to see an (No, really)
Brainient) investor that only
meets startups they
understand)
@emigal | www.emigal.com
32. It’s all about the money
(and who can blame them?)
“Listen! We’re not just doing this for the money! We’re
doing this for a SHITLOAD of money!”
Lone Starr (Bill Pullman)
@emigal | www.emigal.com
33. Again. Everything that can go wrong, will.
(especially when you’re raising money)
@emigal | www.emigal.com
35. ALL your estimates will be WRONG
(well, mine were)
@emigal | www.emigal.com
36. ALL your estimates will be WRONG
(well, mine were)
PRODUCT
(will take two times
longer - if you’re
lucky)
@emigal | www.emigal.com
37. ALL your estimates will be WRONG
(well, mine were)
PRODUCT RAISING MONEY
(will take two times (will take three
longer - if you’re times longer. Unless
lucky) you’re dating a VC)
@emigal | www.emigal.com
38. ALL your estimates will be WRONG
(well, mine were)
PRODUCT RAISING MONEY MAKING MONEY
(will take two times (will take three (slash that Budget of
longer - if you’re times longer. Unless yours in two. That’s
lucky) you’re dating a VC) more like it)
@emigal | www.emigal.com
39. You WILL have near death experiences.
Quite a few of them, actually.
(a short story on what you should expect)
@emigal | www.emigal.com